Colombia Financial Services

Chapter | Financial Services from The Report: Colombia 2019

The banking sector has already begun to show signs of improvement in line with macro economic indicators. Measures taken by the national government and the Central Bank of Colombia appear to have enabled the sector to weather the storm, and improving economic conditions should pave the way for a positive performance from the financial sector. Despite the slow evolution of equities trading,...

Since the drop in commodity prices in 2014, Colombia’s economy has been recovering and is set to expand in 2019 and 2020. In May 2018 Colombia was invited to become the 37th member of the OECD, a positive development that should increase the country’s international political and economic prominence in the coming decades. However, challenges to ensuring Colombia’s continued economic progress remain.

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A number of factors bode well for Colombia’s capital markets. The country has well-established sovereign fixed-income and corporate debt markets, while recent efforts to continue integrating new technology are expected to improve investor participation. Likewise, the acquisition of the Central Securities Depository (Depósito Centralizado de...

 

Despite Colombia’s subdued economic performance over recent years and slowing growth across all major lending segments, the banking sector has remained relatively resilient. Measures taken by the national government and the Central Bank of Colombia (Banco de la República de Colombia, BRC) appear to have enabled the sector to weather the storm...

 

How would you assess the development of Colombia’s capital markets in recent years?

 

On the back of strong economic growth and diversified distribution channels, the insurance industry in Colombia – the fifth largest in Latin America – is expected to post steady growth over the coming years. The expansion of the sector, however, is not anticipated to be as strong as previous years’ due after lower-than-expected tax returns...

 

Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...

 

What impact will recent reforms have on the country’s financial services sector?

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